Senate Bill sb1300er

    ENROLLED

    2005 Legislature                                CS for SB 1300



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  2         An act relating to limitations on claims for

  3         refund of corporate income tax; amending s.

  4         220.727, F.S.; revising provisions for

  5         determining when a payment of estimated tax is

  6         deemed paid for purposes of time limitations

  7         for refund claims; providing for retroactive

  8         application; providing an effective date.

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10  Be It Enacted by the Legislature of the State of Florida:

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12         Section 1.  Paragraph (b) of subsection (1) of section

13  220.727, Florida Statutes, is amended to read:

14         220.727  Limitations on claims for refund.--

15         (1)  Except as otherwise provided in this section:

16         (b)  For purposes of this subsection, payments of

17  estimated tax shall be deemed paid either at the time the

18  taxpayer files its return under this code or at the time such

19  return is required to be filed under this code, determined

20  with without regard to any extensions of time allowed to the

21  taxpayer under s. 213.055(2) or s. 220.222 for filing such

22  return extension thereof, whichever occurs first, and not at

23  such earlier time as such payments of estimated tax were

24  actually made. This paragraph shall apply retroactively to tax

25  years beginning on or after January 1, 2001.

26         Section 2.  This act shall take effect July 1, 2005.

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CODING: Words stricken are deletions; words underlined are additions.